"The first Financial Stability Report (FSR) released by the Central Bank of Oman (CBO) expects the Sultanate's growth to undergo downward revisions to some extent due to the adverse scenario of oil prices — assuming oil prices go lower than those prevalent now — causing the country's real gross domestic product (GDP) growth to drop in the range of 3.2 per cent and 3.5 per cent in 2014.
Given a global growth forecast of 3.2 per cent in 2012 — the slowest pace since the 2009 recession — 3.3 per cent in 2013, and 4.0 per cent in 2014, based on world oil prices per barrel of $105.0 in 2012, $102.6 in 2013, and $97.6 in 2014, Oman's GDP growth had been projected at 5.0 per cent for 2012, 4.2 per cent for 2013, and 3.5 per cent 2014, respectively."
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